9. Position in the world league at 30 June 1996.

Of the 45 Federation Internationale des Bourses de Valeurs (FIBV)
member stock exchanges, the JSE ranks as follows according to the
FIBV statistics as at 30 June 1997.*


             JSE             RANKING     JSE            RANKING
             May 1997                  (YEAR 1996)

Market       279,263         18          241,571        16
Capital-
isation
(Domestic)
(US$ Million)


             JSE             RANKING          JSE            RANKING
             Year to                        YEAR 1996
             date 1997

Market       20,581            27              26,997         29
Turnover
(US$ million)

Liquidity %  14.7              39               11.2          38



*The ranking of the JSE has been affected by the inclusion of 
the following Stock Exchanges into the FIBV statistics

*Athens
*Phillipines
*Lima
*Irish
*Lisbon

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Ailsa Thorpe at the Johannesburg Stock Exchange - Tel: +27 11 377 2306, Fax: +27 11 834 7402, Web:http://www.jse.co.za - or enter text search 'Johannesburg Stock Exchange' and 'Business Monitor'.